Maharashtra is ahead in the league in terms of GST collections in the country. It is estimated by the officials that, the state has managed to gather Rs. 1.70 crore as GST which is 15% of the aggregate GST collection of the nation. The contribution is titled as the highest GST collection in India. Finance minister Sudhir Mungantiwar claims Maharashtra to be India’s fastest-growing state which has also positively affected the GST revenue collection of the state. “Growth rate of Maharashtra continues to go high on the graph. There is an 8% increase in the GST collection this year as compared to the last financial year.” says finance minister.
He further added in the statement that the GST scale is heading towards progress. They have eliminated all the complexities of GST filing system, to enable timely submission of GST returns with complete accuracy. GST compliance is now easy for the taxpayers and also there is a huge coverage of eligible taxpayers under the GST regime.
Maharashtra has an established economy and there are many factors to prove the fact. The state also goes high on the graphs of per capital income, the fact is revealed in the growth of GST this year. The scenario is in favour of the businessman as well as customers. The businessman is getting a discount in the as the authority is cutting charges on GST and customer is also getting goods at reasonable rates.
Read also: Haryana Contributes A Good Sum To The National GST Collection
The government has a vision of making India a nation with 5 trillion dollar economy and is working hard for the cause. This is the solid achievement of the tax government that the total number of taxpayers has increased to 15.34 lakh taxpayers in the current year from 7.79 lakh taxpayers in the previous year.
